Filing Flows › JFrog (FROG) › Q3 2025
JFrog (FROG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
JFrog (FROG) reported revenue of $137M for the third quarter 2025 (Q3 2025), +26% from a year earlier and +8% from the quarter before. Operating margin was -15.8%, net loss $16.4M (12.0% of revenue).
JFrog, Q3 2025: revenue $137M (+26% year over year), operating margin -15.8%, net loss $16.4M, operating cash flow $30.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $137M | +8% | +26% |
| Operating profit | −$21.6M | — | — |
| Net earnings | −$16.4M | — | — |
| Operating cash flow | $30.2M | -16% | +9% |
| Free cash flow | $28.8M | — | +8% |
What changed
Revenue was $136.9M in Q3 2025, up 26% year over year and up 8% from the previous quarter. Subscription was the largest line at 48% of revenue. Saas added $21.0M year over year (up 50%), 75% of the total change.
Gross margin was 77.4%, up 2.5 points from a year earlier. Operating costs exceeded revenue by $21.6M, an operating margin of -15.8%. Operating expenses grew 14% against revenue growth of 26%. The fastest-growing cost line was Research & development (+19%). The quarter ended with a net loss of $16.4M, narrower than the previous quarter's $21.7M loss. Non-operating items added $6.7M, -45% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $30.2M (up 9% year over year). Non-cash charges added back $5.7M of depreciation and amortization and $40.9M of share-based compensation. After purchases of property and equipment ($1.3M), free cash flow as the company reports it was $28.8M.
Questions
What was JFrog's revenue in the third quarter 2025?
JFrog (FROG) reported revenue of $137M for the third quarter 2025 (Q3 2025), +26% from a year earlier and +8% from the quarter before.
Was JFrog profitable in the third quarter 2025?
Operating loss was $21.6M (-15.8% of revenue) and net loss $16.4M.
Source: JFrog 10-Q on SEC EDGAR.